Equifax appoints former HSBC risk chief Hagerty to head banking unit

22 January 2013 | 1245 views | 0 Source: Equifax

Leading credit information and analytics expert, Equifax, continues to strengthen its position in the banking sector with the appointment of Martin Hagerty to head its Banking & Financial Institutions Team.

With over 30 years' experience across the banking and financial services industry on an international scale, Martin's appointment reflects Equifax's sustained investment in delivering innovative solutions to tackle the compliance and risk challenges currently facing the sector.

Martin joins Equifax from HSBC where, most recently, he was Head of Retail Risk, Latin America with responsibility for credit risk and performance of 12 countries. In previous roles at HSBC, Martin was Deputy Head, Retail Banking, Continental Europe and Head, Retail Risk, UK. His long-standing career in the consumer credit sector also includes launching the hugely successful '&more' credit card for M&S Financial Services as well as developing a profitable credit structure, with strong fraud policies. In addition, he has held key risk management positions at MBNA and HBOS.

"The breadth of Martin's experience puts him in an incredibly strong position to understand the UK marketplace and the challenges facing our clients, complementing the expertise already in our Banking & Financial Institutions Team", said Shawn Holtzclaw, Managing Director, Equifax UK.

"In particular he has a real hands-on understanding of the compliance requirements being dealt with by UK credit providers and is excited by the innovative solutions we have developed. This includes our groundbreaking Equifax Financial Stability product suite, created to address the combination of compliance and credit risk challenges currently facing our clients."

Commenting on his new role, Martin said: "Equifax already has a strong reputation for innovation and has made significant investment in new products, including the collection of income data from the retail banks and other consumer credit providers, in order to build what I firmly believe are market-leading solutions. I am extremely excited about the opportunities we have to address the issues being faced in our market and deliver enhanced customer service levels for our r our clients."

Martin Hagerty joins the Equifax business in February 2013.